Spring Budget 2021: Sunak freezes lifetime allowance for pensions contributions
IHT threshold also held at current levels
The LTA would remain at its current level of £1,073,100 for 2020-21
Chancellor Rishi Sunak has frozen the lifetime allowance (LTA) for pension contributions at just over £1m for the remainder of this Parliament.
The Chancellor said the LTA would remain at its current level of £1,073,100 for 2020/21 rather than increasing in line with inflation. It had been expected to rise by £5,800 in 2021/22, in line with 0.5%...
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